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Mashcka [7]
3 years ago
14

Jan and Sam have all of their 2018 tax documents ready to bring to George to prepare their return. These documents include a W-2

for Jan ($52,300), a W-2 for Sam ($48,700), a state tax refund of $475, canceled debt income of $1,800 for Jan, and state lottery winnings of $2,000. They never itemize deductions. What will be their total on Form 1040, line 7? a. $105.275 b. $104,800 c. $103,275 d. $103,000?
Business
1 answer:
Nonamiya [84]3 years ago
7 0

Answer:

The answer is b. $104,800

Explanation:

W-2 for Jan $52,300+  Sam $48,700 + canceled debt income of $1,800 + state lottery winnings of $2,000 = $104,800

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Mass media can be employed to publicize a cause or product by distributing information that is distorted or exaggerated. What is
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Explanation:

to you ggagsusgfaaywugahagagttsgsy<em>y</em><em>y</em><em>e</em>

6 0
3 years ago
Who is required to provide information through the "right to know" law?​
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Private Employers.

The Right to know law discusses workers rights to know about dangerous chemicals/substances in the workplace and is overseen by OSHA ..

4 0
3 years ago
The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men
dusya [7]

Answer:

The correct answer is letter "A": company sales potential; market potential.

Explanation:

Company sales potential is the expected amount of sales of a company given a specific sector in the market. It is presumed that the company has carried out marketing strategies and investment for the levels desired to be achieved. In the example, that level is 20%.  

The market potential is the size of the market for a given product within a period of time. It is usually expressed in monetary terms since it expresses the number of sales value or volume during the period. In the example, that amount is $30 million dollars.

6 0
3 years ago
Windsor, Inc. has had 4 years of net income. Due to this success, the market price of its 350,000 shares of $5 par value common
kvasek [131]

Answer:

1.

a.

$9,788,000

b.

$12,700,000

2.

a.

$18,860,000

b.

$18,860,000

Explanation:

Stock dividend is the payment of dividend to stockholder in the form of stock/shares of the company. Stock are issued at the market price and the value of the dividend is transferred from the retained earning to the add-in-capital accounts.

Stock Dividend = 350,000 x 16% x $52 = $2,912,000

Stock split increase the numbers of shares with a specific given ratio but the common equity value remains same that's why the par value of the share decreases with respective ratio.

Stock Split = 350,000 x 2 / 1 x $5/2 = $1,750,000

Total Stockholders equity section includes the paid in capital of common and preferred stocks, additional paid in capital, retained earnings and reserves accounts.

Total Stockholders equity

Common Stock                      $1,750,000

Paid In Capital account         $4,410,000.

Retained Earning                   <u>$12,700,000</u>

Total Stockholder's Equity    <u>$18,860,000</u>

1.

a.

Retained Earning = $12,700,000 - $2,912,000 = $9,788,000

b.

NO change in retained earning after stock split. Stock split only changes the outstanding numbers of shares and par value of the share.

2.

a.

It will remains the same because balances are transferred from retained earnings to the common stock and paid in capital accounts but the total balance remains the same.

b.

As there is no changes to value of any equity account, so total stockholders equity will remain the same.

6 0
3 years ago
Because barcelona is constantly raising the bar, the company experiences high turnover and is constantly hiring. why might scott
VMariaS [17]
A company is said to have a high turn over rate when it sacks old employees and hire new employees on a regular basis. Scott may want to change his approach to human resource management because, high turn overate is bad for the health of a company for the following reasons:
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2. High cost of recruitment of new staff.
3. High cost of settlement for sacked employees.
4. It leads to lowered employees' productivity.
5. It negatively impacts the brand of the company.<span />
6 0
3 years ago
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